The Lundin Mining Co. (LUNMF) Rating Increased to Buy at Zacks Investment Research

The Lundin Mining Co. (LUNMF) Rating Increased to Buy at Zacks Investment Research

Lundin Mining Co. (NASDAQ:LUNMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $7.00 price target on the stock. Zacks Investment Research’s price target would suggest a potential upside of 26.99% from the company’s current price.

According to Zacks, “LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia. The Company holds an extensive exploration portfolio and interests in international mining and exploration ventures. “

Shares of Lundin Mining (NASDAQ:LUNMF) opened at 5.5123 on Tuesday. The firm’s 50-day moving average is $5.23 and its 200-day moving average is $4.37. Lundin Mining has a one year low of $2.15 and a one year high of $6.30. The company’s market cap is $3.97 billion.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base metals mining company with operations in Chile, Portugal, Sweden and the United States. The Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland.

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